How does Paper Gold Work?

1. Obtain the latest quoted prices of Paper Gold of the Bank from "Online Rate Enquiry" under "Financial Express" of this website or any of our branches in Hong Kong

2. Decide on the "transaction quantity"

3. Place order, the Bank will proceed the following steps on the trade day :
   
   

   Purchases of Paper Gold The Offer price will be applied Deduct the transaction amount from your designated settlement account Record relevant quantity of Paper Gold into your securities account maintained at the Bank

   
   

   Sales of Paper Gold The Bid price will be applied Withdraw the relevant quantity of Paper Gold from your securities account maintained at the Bank Deposit the transaction amount into your designated settlement account

	The Securities and Futures Commission ("SFC") has authorized the issuance of the Product Key Facts Statement and Principal Brochure of Paper Gold under section 105(1) of Securities and Futures Ordinance. SFC's authorization is not a recommendation or endorsement of the Paper Gold referred to in this website nor does it guarantee the commercial merits of this product or its performance. It does not mean this product is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors. The SFC takes no responsibility for the contents of this website, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this website. This section is a part of the offering document of our Paper Gold. You should not invest in this product based on this section alone. You should read and understand the remaining part of the offering document, in particular, the "Risk Disclosure Statement" section of this Principal Brochure.

 Risk Disclosure Statement